Types of Funds

Types Of Funds

Contributions and donations can be made to the Ohio County Community Foundation in several ways. Below is listed the types of funds available to anyone wishing to establish a fund or donate to an already existing fund.

Unrestricted Funds

Unrestricted funds are funds donated without stipulation or conditions by donors who understand that a vital community is constantly changing and give the Ohio County Community Foundation Board of Directors maximum flexibility with discretionary funds.

Designated Agency Funds

Designated agency funds are funds established for one or more particular agencies or institutions that will be the recipients of the fund.

Designated Funds

Designated funds are funds established for a particular organization specified by the donor.

Donor Advised Funds

Donor Advised Funds are funds that the donor, or someone designated by the donor, which may be a person or group with expertise related to the purpose of the fund, advises or makes recommendations to the foundation on the use of the grant dollars. The recommendation may not be binding on the foundation, which must remain free to not take the advice.

Scholarship Funds

Scholarship funds are funds granted for scholarships with criteria specified by the donor.

Field of Interest

Field of Interest funds are funds established by the donor for special interests such as education,arts, youth, seniors or other interests in particular.

Acorn Society

The Ohio County Community Foundation has a society called the Acorn Society. This society is made up of funds that are a very important part of the future of Rising Sun and Ohio County. Donors or Organizations who may have limited means, make regular donations to a fund that, after maturity into an endowment fund, will grant funds in the donors’ areas of interest.

Anyone can contribute to funds administered by OCCF by sending a gift to: Ohio County Community Foundation, PO Box 170, Rising Sun, IN 47040. Gifts may be made in memory or in honor of a friend or loved one. Donations to OCCF-administered funds are tax deductible in most cases. Consult your tax advisor for your personal tax deduction applicability. For more information concerning contributions to the Ohio County Community Foundation, please contact Christy Elbright, Administrative Assistant, at 812-438-9401 or celbright@occfrisingsun.com. For information concerning scholarships or grants, please contact Stephanie Scott at 812-438-9401 or sscott@occfrisingsun.com. For information to establish an endowment fund within the Ohio County Community Foundation, please contact Peggy Dickson, Executive Director, at 812-438-9401 or pdickson@occfrisingsun.com.